Market Forces blog + Diageo | The Guardianhttp://www.theguardian.com/business/marketforceslive+diageo
Indexen-gbGuardian News and Media Limited or its affiliated companies. All rights reserved. 2015Tue, 03 Mar 2015 22:33:38 GMT2015-03-03T22:33:38Zen-gbGuardian News and Media Limited or its affiliated companies. All rights reserved. 2015The Guardianhttp://assets.guim.co.uk/images/guardian-logo-rss.c45beb1bafa34b347ac333af2e6fe23f.pnghttp://www.theguardian.com
FTSE hits 15 year high on interest rate hopes, shrugs off Greek woeshttp://www.theguardian.com/business/marketforceslive/2015/feb/17/ftse-hits-15-year-high-on-interest-rate-hopes-shrugs-off-greek-woes
<p>Leading shares near new record as inflation data makes dearer borrowing unlikely </p><p>Leading shares hit a level not seen since the dotcom boom in 1999, as UK inflation data suggested interest rates would not rise in the short term, and might even be cut.</p><p>So the <strong>FTSE 100</strong> jumped 41.08 points to 6898.13 - a new 15 year peak - despite the continuing standoff between Greece and its creditors ahead of the country’s cash running out.</p><p>This weekend saw press speculation that TSB held talks about a possible acquisition of Aldermore, a small SME-focused UK bank. While we believe that a deal could make strategic sense, its large size and capital-destructive nature suggest to us that it would not have been financially feasible.Indeed, the deal is reported to have fallen through due to disagreements over price.</p><p>If it is true that management was considering a large-scale dilutive acquisition only nine months into a five-year plan, this could raise questions on the delivery of TSB’s current strategy. </p> <a href="http://www.theguardian.com/business/marketforceslive/2015/feb/17/ftse-hits-15-year-high-on-interest-rate-hopes-shrugs-off-greek-woes">Continue reading...</a>BusinessDiageoUnileverTullow OilRoyal MailInterContinental HotelsTue, 17 Feb 2015 17:38:59 GMThttp://www.theguardian.com/business/marketforceslive/2015/feb/17/ftse-hits-15-year-high-on-interest-rate-hopes-shrugs-off-greek-woesPhotograph: NEIL HALL/ReutersTSB shares fall.Photograph: NEIL HALL/ReutersTSB shares fall.Nick Fletcher2015-02-17T17:38:59ZFTSE slips as oil shares drop and US rate and Greece worries growhttp://www.theguardian.com/business/marketforceslive/2015/jan/29/ftse-slips-as-oil-shares-drop-and-us-rate-and-greece-worries-grow
<p>Investors cautious as Shell sends oil sector lower after cutting investment plans</p><p>Energy shares weighed down a market already troubled by the Greek situation and the prospect of a US rate rise in the middle of this year.</p><p>The slump in the crude price is hitting the spending plans of major oil companies, with <strong>Royal Dutch Shell</strong> the latest to unveil cutbacks. The company’s B shares slid 110p to &pound;21.38 after it unveiled a $15bn cut in investment over the next three years. Rival <strong>BP</strong> lost 8.1p to 424.85p and <strong>BG </strong>dropped 16.9p to 880.9p.</p><p>A trip to GKN’s UK Driveline facility confirmed the growth that has been seen in UK automotive production in recent years. Sales in the current year should have doubled from the lows of 2009, largely driven by continuing growth of major UK car manufacturers, notably Jaguar Land Rover which now accounts for around 58% of sales and Nissan (around 23% of sales). Weaker sterling and a lower fuel price should help to stimulate both domestic and export demand for manufacturers, although foreign exchange is less favourable in Europe and a few end markets such as Russia are forecast to weaken. Overall Birmingham is expecting around 6% growth in top-line this year for its range of CVJ side shafts and prop shafts. As less than 10% of total divisional sales this is just one of the global growth stories with NAFTA and China expected to continue to provide the ongoing impetus to global car production as well this year, with GKN Driveline expected to continue to outperform due to sales mix and already embedded share increases.</p><p>Despite the recent rally the shares are trading on only 12 times 2016 consensus earnings per share. Given continued growth in Automotive and a likely increase in Aerospace profits, backed by more favourable foreign exchange, we feel 2015 could see a more positive trend for forecasts. We believe GKN should trade on a 2016 multiple of 12.8 times. We maintain our buy recommendation and target price of 410p.</p><p>[Wednesday’s] site visit to GKN’s Driveline plant in Birmingham confirmed positive UK auto momentum, highlighted a culture of continuous operational improvement and re-affirmed GKN’s dominant standing with global auto original equipment manufacturers.</p><p>Diageo has released a weak set of interim results, which were towards the lower end of market expectations. Reported results were heavily impacted by a &pound;268m hit from the weakness of key emerging market currencies against sterling. The underlying performance at constant currencies was resilient, with a solid performance in developed markets and mixed conditions in emerging markets. Outlook comments were cautiously optimistic, with financial performance expected to improve in the second half of the year. We anticipate a small downgrade to our full year earnings per share estimate, but the recommendation is maintained at Accumulate.</p><p>We expect 2015 earnings per share consensus, which has already dropped 18% since this time last year, to fall further today reflecting the heavier foreign exchange impact.</p><p>This is perhaps a so-so trading update. Growth is better than it was last full year – against reasonably tough comps – but growth over the whole 17 weeks under review is slower than it had been in the first 8 weeks and, as Christmas was strong, this implies that the rest of December and January to date have not been good.</p><p>M&amp;B suggests that comparisons will remain tough (there wasn’t much of a winter last year) and says that margins will be down. This is in line with our understanding of what is going on regarding discounting (check vouchercodes.co.uk) but may be perhaps a little disappointing overall.</p><p>While the shares have shown some recent recovery from depressed levels, the rating is undemanding. The group should generate strong earnings growth, partly as the Orchid transaction becomes increasingly earnings accretive. Accordingly the shares have good medium term upside.</p> <a href="http://www.theguardian.com/business/marketforceslive/2015/jan/29/ftse-slips-as-oil-shares-drop-and-us-rate-and-greece-worries-grow">Continue reading...</a>Market turmoilBusinessRoyal Dutch ShellBPBGSoco InternationaleasyJetBSkyBVodafoneGKNDiageoMitchells & ButlersOcadoAsosThu, 29 Jan 2015 16:49:29 GMThttp://www.theguardian.com/business/marketforceslive/2015/jan/29/ftse-slips-as-oil-shares-drop-and-us-rate-and-greece-worries-growPhotograph: BRENDAN MCDERMID/REUTERSTraders at the New York Stock Exchange. Photo: Reuters/Brendan McDermid.Photograph: BRENDAN MCDERMID/REUTERSTraders at the New York Stock Exchange. Photo: Reuters/Brendan McDermid.Nick Fletcher2015-01-29T16:49:29ZFTSE 100 slips as British American Tobacco shares go up in smokehttp://www.theguardian.com/business/marketforceslive/2014/oct/22/ftse-100-slips-british-american-tobacco-down
<p>Cigarette maker falls 4% as revenues miss forecasts on weak European markets</p><p>Leading UK shares are on the slide again as concerns about global growth continue.</p><p>In particular <strong>British American Tobacco</strong> has unsettled investors after warning of a foreign exchange hit and, crucially, weak markets in Europe.</p><p>BAT’s third quarter trading statement, which gives 9-month cumulative revenue and volume data, in addition to an update on drive brands performance, was beneath market expectations on revenue at 2.4% versus 3.2% consensus (source: Bloomberg) and our own 2.7% view. <br />Overall, these results are undramatic. However, the severity of the currency headwind prompts us to remain cautious about reported earnings for companies which bias both revenue generation and growth to emerging markets.<br /></p><p>Playtech has delivered another impressive quarter of growth and yet again we are raising our forecasts. Asia is once again a key driver but Europe also delivered double digit growth and all verticals saw positive progress. With €400m of net cash the opportunities to increase shareholder value are significant.<br />Our initial thoughts are to raise our 2014 EBITDA forecast by around 5% to €204m, which equates to earnings per share of 60.5c (from 57.5c). We also expect to put a small upgrade through for following years as well. There will be those that point to the unregulated nature of Asian earnings but we covered this in our recent note, citing the reinvestment in regulated markets, recent regulated licensee wins and the plethora of options open to the group to enhance shareholder value presented by its large cash position. Therefore, we are happy to retain our Buy recommendation.<br /></p> <a href="http://www.theguardian.com/business/marketforceslive/2014/oct/22/ftse-100-slips-british-american-tobacco-down">Continue reading...</a>BusinessBritish American TobaccoImperial TobaccoDiageoUnileverMorrisonsJ SainsburyTescoSuperGroupHome RetailWed, 22 Oct 2014 08:57:31 GMThttp://www.theguardian.com/business/marketforceslive/2014/oct/22/ftse-100-slips-british-american-tobacco-downPhotograph: MICHAELA REHLE/REUTERSBAT factory in Bayreuth, southern Germany. Photo: Reuters/Michaela RehlePhotograph: MICHAELA REHLE/REUTERSBAT factory in Bayreuth, southern Germany. Photo: Reuters/Michaela RehleNick Fletcher2014-10-22T08:57:31ZTime Warner bid, Meggitt rumour and Chinese data give FTSE best day since Marchhttp://www.theguardian.com/business/marketforceslive/2014/jul/16/time-warner-meggitt-chinese-gdp-shares-rise
Merger excitement and positive GDP figures from China put investors in buoyant mood<p>A burst of takeover activity - real and rumoured - along with positive Chinese data helped leading shares to their biggest one day rise since March.</p><p>Better than expected GDP figures from China and <a href="http://www.dailymail.co.uk/money/markets/article-2693227/MARKET-REPORT-Meggitt-bid-set-off.html" title="">a report that US group United Technologies could be planning a 635p cash bid</a> for UK engineer <strong>Meggitt</strong>, up 46.9p to 537p, brought out the buyers from the start. But news that Time Warner had rejected an $80bn approach from Rupert Murdoch's 21st Century Fox really sent shares flying.</p> <a href="http://www.theguardian.com/business/marketforceslive/2014/jul/16/time-warner-meggitt-chinese-gdp-shares-rise">Continue reading...</a>BusinessMediaMeggittITVeasyJetShireAstraZenecaDiageoRoyal MailImperial TobaccoTullow OilWed, 16 Jul 2014 16:01:54 GMThttp://www.theguardian.com/business/marketforceslive/2014/jul/16/time-warner-meggitt-chinese-gdp-shares-riseNick Fletcher2014-07-16T16:01:54ZDiageo dips as analysts say tie up with SABMiller is unlikelyhttp://www.theguardian.com/business/marketforceslive/2014/jul/16/diageo-dips-analysts-dismiss-sabmiller-merger-talk
Shire under pressure on worries about US bid while Icap results disappoint<p><strong>Diageo</strong> has dropped back in a rising market as analysts poured cold water on the idea of a merger with SABMiller.</p><p>Its shares have slipped 4p to 1841.5p as Societe Generale moved from hold to sell and cut its target price from &pound;18.50 to &pound;16.50. The bank's analysts said:</p> <a href="http://www.theguardian.com/business/marketforceslive/2014/jul/16/diageo-dips-analysts-dismiss-sabmiller-merger-talk">Continue reading...</a>BusinessDiageoShireIcapWed, 16 Jul 2014 10:25:05 GMThttp://www.theguardian.com/business/marketforceslive/2014/jul/16/diageo-dips-analysts-dismiss-sabmiller-merger-talkNick Fletcher2014-07-16T10:25:05ZFTSE 100 jumps nearly 1% as mining shares lead the wayhttp://www.theguardian.com/business/marketforceslive/2014/jul/01/ftse-100-jumps-mining-shares-china
Positive manufacturing data from China prompts rise in metal prices and miners<p>Leading shares began the month and the quarter on a bright note, as investors accentuated the positive from a mixed bag of global manufacturing surveys.</p><p>In particular the latest data from China suggested continuing strong demand from the country, a key consumer of commodities. So copper hit a near four month high, prompting a rise in mining shares. <strong>Anglo American</strong> added 57p to &pound;14.87, <strong>Rio Tinto</strong> rose 94p to 3202.5p, <strong>BHP Billiton</strong> was 55p better at 1944.5p and <strong>Fresnillo</strong> was up 26.5p at 898.5p. <strong>African Barrick Gold</strong> was the biggest mid-cap riser, up 14.9p at 220.6p. Michael Hewson, chief market analyst at CMC Markets UK, said:</p> <a href="http://www.theguardian.com/business/marketforceslive/2014/jul/01/ftse-100-jumps-mining-shares-china">Continue reading...</a>BusinessAnglo AmericanRio TintoBHP BillitonFresnilloAfrican Barrick GoldMorrisonsJ SainsburyTescoOcadoDiageoSt Modwen PropertiesSercoTue, 01 Jul 2014 15:58:12 GMThttp://www.theguardian.com/business/marketforceslive/2014/jul/01/ftse-100-jumps-mining-shares-chinaNick Fletcher2014-07-01T15:58:12ZOcado makes first half profit but shares drop 5% on growth concernshttp://www.theguardian.com/business/marketforceslive/2014/jul/01/ocado-profit-shares-slump-miners
Grocers' shares fall on market share data but miners help support FTSE 100<p><strong>Ocado</strong> has finally swung into profit but the online grocer's shares have slumped again on concerns it cannot keep up the growth rate.</p><p>The company, which has a partnership with Waitrose and has also linked up to provide <strong>Morrisons</strong>' belated online service, said it made a half year profit of &pound;7.5m before one off items, compared to a &pound;1m loss this time last year. Ocado also announced its third warehouse - or &quot;customer fulfilment centre&quot; - which will be smaller than the first two and for Ocado's sole use. The second warehouse is used for the Morrisons' service and the great hope for Ocado's future is further link-ups with other grocers. Tim Steiner, chief executive, said:</p> <a href="http://www.theguardian.com/business/marketforceslive/2014/jul/01/ocado-profit-shares-slump-miners">Continue reading...</a>BusinessOcadoMorrisonsTescoRio TintoBHP BillitonRandgold ResourcesDiageoSt Modwen PropertiesTue, 01 Jul 2014 08:50:20 GMThttp://www.theguardian.com/business/marketforceslive/2014/jul/01/ocado-profit-shares-slump-minersNick Fletcher2014-07-01T08:50:20ZEasyJet slips on earnings worries as FTSE ends quarter on downbeat notehttp://www.theguardian.com/business/marketforceslive/2014/jun/30/easyjet-slips-merrill-downgrade-ftse-lower
Leading shares down on the day but up on the quarter on central bank support<p><strong>EasyJet</strong> shares have been on the slide for a few weeks on worries about whether the budget airline can keep its growth rates sky-high.</p><p>The latest pessimist to hop aboard is Bank of America/Merrill Lynch, which issued a sell note and speculated the company might have to issue a profit warning. Merrill moved from neutral to underperform and slashed its price target from &pound;18 to &pound;11.50. The downgrade helped push easyJet's shares 94p lower to &pound;13.65. The 6% decline made the airline the worst performer in the FTSE 100. Merrill said:</p><p>We believe the consensus earnings per share upgrade story is over at easyJet, as negative yield momentum will cause confidence in the upgrade cycle to shatter. The share price has already shown signs of wilting under Europe's sweltering summer airline overcapacity problem. But this recent price move is misleading in the context of history.</p><p>The company has already admitted to a lack of underlying earnings' growth with its near-term guidance. We... forecast [2014] pretax profit of&pound;555m (versus consensus of &pound;567m) and earnings per share of &pound;1.10 (versus consensus of &pound;1.13).</p><p>A stronger pound does take its toll on UK firms bringing profits back home, and for now the FTSE's international element, so handy in times of obvious economic growth, is holding it back.</p><p>We like ITV in terms of its earnings per share upgrade potential, both in terms of operational gearing and utilising a strong balance sheet (ITV is net cash). In recent years, the company has also paid a special dividend on two occasions, and this illustrates the approach to shareholder value. ITV continues to deliver very large mass market UK audiences, and we believe this justifies a strategic premium (trophy asset).</p> <a href="http://www.theguardian.com/business/marketforceslive/2014/jun/30/easyjet-slips-merrill-downgrade-ftse-lower">Continue reading...</a>BusinesseasyJetInternational Airlines GroupSports Direct InternationalBSkyBITVDiageoSABMillerShireMon, 30 Jun 2014 16:24:17 GMThttp://www.theguardian.com/business/marketforceslive/2014/jun/30/easyjet-slips-merrill-downgrade-ftse-lowerNick Fletcher2014-06-30T16:24:17ZFTSE 100 ends week on positive note but fails to reach new peakhttp://www.theguardian.com/business/marketforceslive/2014/may/16/ftse-higher-below-peak-supermarkets-rise
Supermarkets lead the way on hopes of fightback against discounters<p>In another volatile week of trading, the FTSE 100 soared to a 14 year high but fell back before it could make the final push to a new record.</p><p>Markets were initially buoyed early on by hopes that central banks would continue their stimulus measures to support the global economy for the foreseeable future, with the European Central Bank expected to act to combat low inflation in June and Bank of England governor Mark Carney ruling out an early UK interest rate rise.</p> <a href="http://www.theguardian.com/business/marketforceslive/2014/may/16/ftse-higher-below-peak-supermarkets-rise">Continue reading...</a>BusinessCoca-Cola Hellenic Bottling CompanyMorrisonsJ SainsburyTescoAstraZenecaDiageoIntertekTui TraveleasyJetVedanta ResourcesInmarsatFri, 16 May 2014 15:51:13 GMThttp://www.theguardian.com/business/marketforceslive/2014/may/16/ftse-higher-below-peak-supermarkets-riseNick Fletcher2014-05-16T15:51:13ZFTSE falls to lowest level since mid-December after poor datahttp://www.theguardian.com/business/marketforceslive/2014/feb/03/ftse-lowest-since-mid-december-poor-data
Lloyds leads market lower after raising provisions for PPI mis-selling but Randgold rises<p>Leading shares drifted lower for much of the day amid mixed economic data from around the globe, but with an afternoon lurch downwards, they ended at their lowest level since the middle of December.</p><p>Disappointing manufacturing figures from China were outweighed initially by more reasonable reports from Spain, Greece and the UK. But a worse than expected ISM survey from the US sent Wall Street tumbling in early trading and left the <strong>FTSE 100</strong> down 44.78 points at 6465.66.</p> <a href="http://www.theguardian.com/business/marketforceslive/2014/feb/03/ftse-lowest-since-mid-december-poor-data">Continue reading...</a>BusinessLloyds Banking GroupBarclaysRoyal Bank of ScotlandVodafoneAberdeen Asset ManagementBurberryAnglo AmericanGlencore XstrataRandgold ResourcesReckitt BenckiserRexamDiageoMon, 03 Feb 2014 16:51:11 GMThttp://www.theguardian.com/business/marketforceslive/2014/feb/03/ftse-lowest-since-mid-december-poor-dataNick Fletcher2014-02-03T16:51:11ZFTSE records worst January performance since 2010http://www.theguardian.com/business/marketforceslive/2014/jan/31/ftse-worst-january-performance-2010
Emerging market fears and Chinese slowdown help push markets sharply lower<p>As rain battered the country to produce the worst January weather for at least a century, investors were also forced to seek shelter from the storms hitting global stock markets.</p><p>The <strong>FTSE 100</strong> finished at 6510.44 on Friday, down 28.01 points on the day and 153 points on week. Over the month it lost 239 points or 3.53%, its worst January performance since 2010 when it fell 4.14%.</p><p>This plethora of bad news appears to have punctured any optimism that stock markets could well be stabilising with sharp falls across the board, as this month's falls wipe out all of December's gains.</p><p>We do not see a compelling organic growth story as a result of stalling Typhoon exports and high exposure to declining US Army budgets, which disproportionately impact BAE's Land business. Whilst we're impressed with the self-help activity to date, we believe there is a limit to the cuts BAE can endure, especially in R&amp;D, to support its competitive position and future growth prospects. In our view this will lead to just 2% earnings per share compound annual growth rate over the next three years and we are 8% below Bloomberg consensus for 2015.</p><p>Valuation does not look enticing, given continued risks to forecasts, management uncertainty and a balance sheet that is becoming more stretched. We remain at underperform.</p><p>Whilst the group is comfortably within its bank covenants.... clearly customers giving out long-term contracts would prefer suppliers in sound financial shape and given we have seen other government suppliers raise cash when debt was at similar levels [to Serco's], we would not rule out an equity raise, especially as there remains uncertainty over some big rebids.</p><p>As a matter of course, the company does not normally comment on such matters. However, blinkx has noted a recent blog post by a consultant paid by unnamed third parties, in which he discloses, &quot;I prepared a portion of this article at the request of a client that prefers not to be listed by name.&quot; blinkx strongly refutes the assertions made and conclusions drawn in the blog post.</p><p>The company confirms there has been no material change to the operational and financial performance or outlook for the business, and that fiscal third quarter trading was in line with management expectations.</p> <a href="http://www.theguardian.com/business/marketforceslive/2014/jan/31/ftse-worst-january-performance-2010">Continue reading...</a>BusinessRoyal Dutch ShellRoyal Bank of ScotlandDiageoSABMillerCoca-Cola Hellenic Bottling CompanyUnileverStandard CharteredBAE SystemsBTImperial TobaccoBritish American TobaccoJ SainsburySercoFri, 31 Jan 2014 17:05:57 GMThttp://www.theguardian.com/business/marketforceslive/2014/jan/31/ftse-worst-january-performance-2010Nick Fletcher2014-01-31T17:05:57ZFTSE falters again but Imperial Tobacco bucks downward trendhttp://www.theguardian.com/business/marketforceslive/2014/jan/31/ftse-falters-imperial-tobacco-climbs-goldman
Emerging market fears continue to unsettle investors but Goldman lifts tobacco firms<p>Another downbeat day so far, as emerging market worries continue to dominate sentiment.</p><p>But bucking the trend was <strong>Imperial Tobacco</strong>, up 67p or 3% at &pound;22.49 as Goldman Sachs raised its recommendation on the business from neutral to buy and its price target from &pound;25.45 to &pound;28.40. <strong>British American Tobacco</strong> is up 41.5p at &pound;29.31 as Goldman repeated its buy rating, albeit cutting its target from &pound;41.20 to &pound;34.20.</p> <a href="http://www.theguardian.com/business/marketforceslive/2014/jan/31/ftse-falters-imperial-tobacco-climbs-goldman">Continue reading...</a>BusinessImperial TobaccoBritish American TobaccoSABMillerDiageoBTBAE SystemsFri, 31 Jan 2014 09:39:36 GMThttp://www.theguardian.com/business/marketforceslive/2014/jan/31/ftse-falters-imperial-tobacco-climbs-goldmanNick Fletcher2014-01-31T09:39:36ZFTSE slips as Diageo drops on emerging market woes and G4S and Serco slidehttp://www.theguardian.com/business/marketforceslive/2014/jan/30/ftse-diageo-emerging-markets-g4s-serco
Investors continue to be concerned about emerging markets after Fed trims QE again<p>Leading shares fell back for the third day - albeit marginally - marking their seventh decline in eight trading sessions, with outsourcers and companies exposed to emerging markets among the main losers.</p><p>The decision by the US Federal Reserve to trim its monthly bond buying programme by $10bn to $65bn, although expected, put more pressure on emerging markets, and with weaker than expected Chinese manufacturing data, investors were battening down the hatches again.</p> <a href="http://www.theguardian.com/business/marketforceslive/2014/jan/30/ftse-diageo-emerging-markets-g4s-serco">Continue reading...</a>BusinessDiageoSABMillerUnileverPrudentialStandard CharteredSercoG4SCapitaBSkyBRoyal Dutch ShellInternational Airlines GroupMitchells & ButlersPremier OilThu, 30 Jan 2014 16:55:05 GMThttp://www.theguardian.com/business/marketforceslive/2014/jan/30/ftse-diageo-emerging-markets-g4s-sercoNick Fletcher2014-01-30T16:55:05ZHSBC shares soar 10% on fat finger mistakehttp://www.theguardian.com/business/marketforceslive/2014/jan/30/hsbc-fat-finger-shares-suspended
Stock Exchange investigating as bank shares suspended briefly after surge<p>Shares in <strong>HSBC</strong> jumped nearly 10% in a matter of minutes in what traders said looked like a costly mistake.</p><p>The bank jumped from around 630p to 688p, prompting an automatic suspension of the shares for five minutes.</p> <a href="http://www.theguardian.com/business/marketforceslive/2014/jan/30/hsbc-fat-finger-shares-suspended">Continue reading...</a>BusinessHSBCDiageoThu, 30 Jan 2014 12:15:35 GMThttp://www.theguardian.com/business/marketforceslive/2014/jan/30/hsbc-fat-finger-shares-suspendedNick Fletcher2014-01-30T12:15:35ZFTSE falls again on emerging market woes, with Diageo slumping 11%http://www.theguardian.com/business/marketforceslive/2014/jan/30/ftse-falls-emerging-markets-diageo
Fears of a slowdown in the region hit companies with exposure to emerging markets<p>Leading shares have fallen again as investors continue to be unsettled by worries about problems in emerging markets.</p><p>The decision by the US Federal Reserve to trim its monthly bond buying programme by $10bn to $65bn, although expected, puts more pressure on emerging markets, something the Fed made no reference to in its statement. With weaker than expected Chinese manufacturing data, the mood is set for another volatile day.</p> <a href="http://www.theguardian.com/business/marketforceslive/2014/jan/30/ftse-falls-emerging-markets-diageo">Continue reading...</a>BusinessDiageoSABMillerUnileverPrudentialStandard CharteredBSkyBRoyal Dutch ShellThu, 30 Jan 2014 09:39:02 GMThttp://www.theguardian.com/business/marketforceslive/2014/jan/30/ftse-falls-emerging-markets-diageoNick Fletcher2014-01-30T09:39:02ZFTSE 100 drops nearly 2% on emerging market fears after Argentina problemshttp://www.theguardian.com/business/marketforceslive/2014/jan/24/ftse-drops-argentine-concerns
Leading shares see biggest weekly fall since June as investors take fright<p>After moving within 65 points of its all time high earlier in the week, the <strong>FTSE 100</strong> came down to earth with a bang.</p><p>It fell 53 points on Thursday and another 109.54 points on Friday - its biggest one day fall since June - to finish at 6663.74. Over the week it has lost 165 points or 2.4%, its biggest weekly fall since the week ending 21 June.</p> <a href="http://www.theguardian.com/business/marketforceslive/2014/jan/24/ftse-drops-argentine-concerns">Continue reading...</a>BusinessAberdeen Asset ManagementSABMillerDiageoBHP BillitonRio TintoAnglo AmericanRoyal MailLloyds Banking GroupCapitaSercoCairn EnergyFri, 24 Jan 2014 16:59:13 GMThttp://www.theguardian.com/business/marketforceslive/2014/jan/24/ftse-drops-argentine-concernsNick Fletcher2014-01-24T16:59:13ZDiageo dips ahead of update amid bid speculationhttp://www.theguardian.com/business/marketforceslive/2014/jan/24/diageo-update-jack-daniels-bid-suggestion
City firm says Jack Daniels maker would make a good fit from UK drinks giant<p><strong>Diageo</strong> has dipped around 1% ahead of a trading update next week, amid speculation it could be on the acquisition trail.</p><p>Japan's Suntory recently announced a deal to buy bourbon maker Jim Beam, and there had been some suggestions Diageo may look at breaking up the agreement with a bid of its own. But Elaine Coverley, head of equity research at Brewin Dolphin wealth management, said Diageo could also look at Brown Forman, the owner of Jack Daniels. She said:</p> <a href="http://www.theguardian.com/business/marketforceslive/2014/jan/24/diageo-update-jack-daniels-bid-suggestion">Continue reading...</a>BusinessDiageoFri, 24 Jan 2014 14:54:24 GMThttp://www.theguardian.com/business/marketforceslive/2014/jan/24/diageo-update-jack-daniels-bid-suggestionNick Fletcher2014-01-24T14:54:24ZFTSE lifted as City speculates on BSkyB bid and Diageo move for Beamhttp://www.theguardian.com/business/marketforceslive/2014/jan/14/ftse-lifted-bskyb-bid-talk-diageo-beam
Leading shares hit new two and a half month high despite worries about Fed moves<p>On a day when the market was searching for direction, things were livened up by a spate of merger speculation.</p><p>After the $16bn bid for US bourbon maker Jim Beam by Japan's Suntory, analysts were suggesting that <strong>Diageo</strong> or Pernod should step in to break up the party. Liberum's Pablo Zuanic said:</p> <a href="http://www.theguardian.com/business/marketforceslive/2014/jan/14/ftse-lifted-bskyb-bid-talk-diageo-beam">Continue reading...</a>BusinessDiageoBSkyBAstraZenecaShireHargreaves LansdownSchrodersAberdeen Asset ManagementAshmoreIntertekQinetiQBalfour BeattyTue, 14 Jan 2014 16:54:46 GMThttp://www.theguardian.com/business/marketforceslive/2014/jan/14/ftse-lifted-bskyb-bid-talk-diageo-beamNick Fletcher2014-01-14T16:54:46ZGold miners slide as FTSE 100 cautious ahead of Federal Reserve minuteshttp://www.theguardian.com/business/marketforceslive/2013/nov/20/gold-slide-ftse-cautious-federal-reserve
Investors await latest views from central bank on further economic stimulus<p>Gold was on the slide again, pushing shares in precious metal mining companies sharply lower.</p><p>Amid uncertain trading on stock markets ahead of the release of the latest US Federal Reserve minutes - which will be scoured for signs of the central bank's view on future economic stimulus - <strong>Randgold Resources</strong> lost 126p to &pound;44.95, making it the biggest faller in the leading index.</p> <a href="http://www.theguardian.com/business/marketforceslive/2013/nov/20/gold-slide-ftse-cautious-federal-reserve">Continue reading...</a>BusinessRandgold ResourcesAfrican Barrick GoldFresnilloVodafoneDiageoWolseleyAberdeen Asset ManagementeasyJetGlaxoSmithKlineRoyal MailDixons RetailWed, 20 Nov 2013 16:52:10 GMThttp://www.theguardian.com/business/marketforceslive/2013/nov/20/gold-slide-ftse-cautious-federal-reserveNick Fletcher2013-11-20T16:52:10ZFTSE 100 slips back ahead of central banks' minuteshttp://www.theguardian.com/business/marketforceslive/2013/nov/20/ftse-central-banks-vodafone
Vodafone leads fallers as mobile phone group's shares go ex-dividend<p>Markets are drifting lower ahead of some key US data and the latest Federal Reserve and Bank of England minutes.</p><p>A number of companies going ex-dividend also is also having a negative effect on the leading index. So the <strong>FTSE 100</strong> is down 10.35 points at 6687.66, with <strong>Vodafone</strong> among the biggest fallers. The mobile phone group - tipped this week once more as a bid target - is down 4.3p to 227.75p as its shares were quoted without the shareholder payout. Ishaq Siddiqi, market strategist at ETX Capital, said:</p> <a href="http://www.theguardian.com/business/marketforceslive/2013/nov/20/ftse-central-banks-vodafone">Continue reading...</a>BusinessVodafoneAberdeen Asset ManagementeasyJetDiageoWolseleyWed, 20 Nov 2013 09:29:04 GMThttp://www.theguardian.com/business/marketforceslive/2013/nov/20/ftse-central-banks-vodafoneNick Fletcher2013-11-20T09:29:04Z